The market over the past 24 hours: not every dip is the same. Some coins are heavily compressed and waiting for a rebound, while others are being mercilessly crushed by the Shorts. 🤓
$BTC (-0.92% in price) and SOL (-0.92% in price) both saw OI rise (+5.64%, +8.16%). New Short positions are driving the downtrend lower. 😏
Meanwhile, ETH (-2.35%), ZEC (-5.07%), XRP (-1.91%), and DOGE (-3.90%) saw OI drop sharply (from -2.94% to -38.48%). This is a state of “Long capitulation”: Longs are running out of steam, and the market may be near a bottom. 📐
The lesson: Don’t rush to buy the dip when prices are falling and OI is rising due to Shorts. Coins with sharply declining OI may be more attractive for a rebound. 😐
For this setup, are you buying the dip or watching for more Shorts? Leave a comment. 👀
$BTC
#Write2Earn #Altcoin #CryptoAnalysis
(DYOR; it’s your money, so the decision is yours)
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🌐 EN: The 24h market reveals varied dips. BTC and SOL show "new shorts" (OI up despite price drop), signaling strong downtrend pressure. Conversely, ETH, ZEC, XRP, DOGE are in "long capitulation" (OI significantly down), suggesting a potential bottoming out.
$BTC (-0.92% in price) and SOL (-0.92% in price) both saw OI rise (+5.64%, +8.16%). New Short positions are driving the downtrend lower. 😏
Meanwhile, ETH (-2.35%), ZEC (-5.07%), XRP (-1.91%), and DOGE (-3.90%) saw OI drop sharply (from -2.94% to -38.48%). This is a state of “Long capitulation”: Longs are running out of steam, and the market may be near a bottom. 📐
The lesson: Don’t rush to buy the dip when prices are falling and OI is rising due to Shorts. Coins with sharply declining OI may be more attractive for a rebound. 😐
For this setup, are you buying the dip or watching for more Shorts? Leave a comment. 👀
$BTC
#Write2Earn #Altcoin #CryptoAnalysis
(DYOR; it’s your money, so the decision is yours)
---
🌐 EN: The 24h market reveals varied dips. BTC and SOL show "new shorts" (OI up despite price drop), signaling strong downtrend pressure. Conversely, ETH, ZEC, XRP, DOGE are in "long capitulation" (OI significantly down), suggesting a potential bottoming out.